KLS Kelso Technologies Inc.

Kelso (TSX VENTURE:KLS)(OTCQX:KEOSF) announces that it has arranged a
non-brokered private placement, subject to the approval of the TSX Venture
Exchange (the "TSXV"). The private placement consists of up to 1,500,000 units
at a price of CDN$ 0.60 per unit for gross proceeds of up to CDN$ 900,000.


Each Unit is comprised of one common share and one-half of one non-transferable
common share purchase warrant of the Company (each whole warrant, a "Warrant").
Each Warrant entitles the holder to purchase one additional common share of the
Company exercisable for a period of 24 months (the "Expiry Date") from the
Closing Date (as defined herein) at a price per share of CDN$0.80.


Finders' fees of 8% of the gross proceeds secured in the Unit Offering will be
payable in cash.


The Unit Offering is anticipated to close on or about September 14, 2012 (the
"Closing Date") and is subject to certain conditions including, but not limited
to, the receipt of applicable regulatory approvals including approval of the
TSXV. The common shares and warrants comprising the Units issued under the Unit
Offering will be subject to a four-month and one day hold period commencing on
the Closing Date.


Proceeds from the Unit Offering have been allocated to finance production supply
chains for the rapid sales growth that is expected to reach US$225,000 per week
in October 2012 and continue to grow as announced by press release on August 28,
2012.


About Kelso Technologies

Kelso is a railroad equipment supplier that designs, produces and sells a new
generation of innovative products designed to improve the safe containment and
pressure management of hazardous materials ("HAZMAT") during rail or road
transport. Products include a series of external constant force spring pressure
relief valves and a revolutionary new manway securement system trademarked as
the "Kelso Klincher(TM)". 


These products are initially designed for use on applications on railroad tank
cars but are currently being modified for use in new markets that include
roadway trucking. All products are patent protected. Their primary design
function is to reduce human errors and injuries and minimize environmental harm
due to non-accidental release events that may occur during the transport of
HAZMAT.


Kelso's ultimate goal is to have all products become "gold standard" products on
most HAZMAT and non-hazardous applications and capture a large share of the
market for our products. We are confident that we have created a solid
foundation on which to build a successful multi-million dollar business on
behalf of the shareholders of Kelso Technologies.


For a more complete business and financial profile of the Company, please view
the Company's website at www.kelsotech.com and public documents posted on
www.sedar.com.


On behalf of the Board of Directors,

James R. Bond, CEO and President

Legal Notice Regarding Forward Looking Statements: This news release contains
"forward-looking statements" within the meaning of applicable Canadian
securities legislation. Forward-looking statements are indicated expectations or
intentions. Forward-looking statements in this news release include that we will
close a private placement; that our sales will grow to $225,000 per week and
will continue to grow; that we can produce large volumes of products as required
by our customers; and that from the commercial sales of our EPRV and KKS
products Kelso can build a successful multi-million dollar business. The
Company's products involve detailed proprietary and engineering knowledge and
specific customer adoption criteria, hence factors that could cause actual
results to be materially different from our expectations include that we may be
unsuccessful in raising any additional capital needs that may arise; we may not
have sufficient capital to develop, produce and deliver new orders; product
development may face unexpected delays; orders that are placed may be cancelled;
product may not perform as well as expected; markets may not develop as quickly
as anticipated or at all; regulations may change or not change as expected; and
competitors may produce better or cheaper products sooner than we expect.
Further, we are reliant on certain key employees who may leave the Company and
we may be unable to protect or defend our intellectual property. Investors are
cautioned against placing undue reliance on forward-looking statements. We
assume no responsibility to update these forward looking statements except to
the extent required by law.

Kelso Technologies Inc. (TSXV:KLS)
Historical Stock Chart
From Jun 2024 to Jul 2024

Kelso Technologies Inc. (TSXV:KLS)
Historical Stock Chart
From Jul 2023 to Jul 2024